Asia Stocks Drop After U.S. Slide to 14-Month Low: Markets Wrap

Asian stocks slid Tuesday after a sell-off in U.S. stocks that sent the S&P 500 Index to its lowest close in 14 months, as investors readied for an expected Federal Reserve interest-rate hike. Equities fell across the region, with Japan and China underperforming, while European futures were also lower. U.S. futures recovered somewhat after the S&P 500 Index finished Monday at the lowest since October 2017 and the Russell 2000 Index of smaller companies entered a bear market. The dollar held a decline as 10-year Treasury yields hovered around 2.85 percent and the yen advanced with gold as haven assets curried favor. U.S. crude fell further below $50 as fears of a supply glut grew. - Bloomberg

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